Judge Orders Donald Trump to Pay $350 Million in Civil Penalties for Lying About His Wealth

TLDRFormer President Donald Trump has been ordered by a judge to pay over $350 million in civil penalties for fraudulently inflating his net worth. The judge also barred Trump and his sons from running his real estate company for years.

Key insights

💰Donald Trump ordered to pay over $350 million in civil penalties.

🚫Trump and his sons barred from running his real estate company.

🔒Former president found liable for falsely inflating his net worth.

⚖️Judge imposes harsh penalties for financial fraud.

🏦Trump's business empire teeters on the judge's decision.

Q&A

How much does Donald Trump have to pay?

Donald Trump has been ordered to pay over $350 million in civil penalties.

What is the reason for the penalties?

Trump fraudulently inflated his net worth for financial gain.

Can Trump and his sons run his real estate company?

No, the judge has barred Trump and his sons from running the company for years.

Who brought the lawsuit against Trump?

The lawsuit was brought by the New York Attorney General.

What are the consequences if Trump fails to pay?

If Trump fails to pay, the penalties could increase with interest and he may be forced to sell off assets to pay the judgment.

Timestamped Summary

00:08Former President Donald Trump has been ordered by a judge to pay over $350 million in civil penalties for fraudulently inflating his net worth.

00:16The judge also barred Trump and his sons from running his real estate company for years.

01:58The judge found Trump liable for falsely inflating his net worth for financial gain.

02:26The judge imposed harsh penalties for Trump's financial fraud.

03:27Trump's business empire is teetering on the judge's decision.